(1) Despite its repeal, the repealed Act continues to apply in relation to instruments signed, and transactions entered into, before the commencement day.Note—Because of this declaration, a provision of the repealed Act that, for example, provides for an exemption, concession or reassessment for duty for an instrument or transaction continues to apply to it.
(2) This section has effect subject to the following provisions—(a) sections 523(4), 526, 527 and 535;(b) the Administration Act , part 13 , division 2 ;(c) a regulation made under section 550.